Jackson Builders (South) Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05696004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

JACKSON BUILDERS (SOUTH) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

R C Jackson

G J Jackson

REGISTERED OFFICE:

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

BUSINESS ADDRESS:

10 St Marys Road

Salisbury

Wiltshire

SP2 8LF

REGISTERED NUMBER:

05696004 (England and Wales)

ACCOUNTANTS:

Ray Bartlett & Co

Certified Public Accountants

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

FIXED ASSETS

Tangible assets

4

10,995

6,562

Investment property

5

72,273

72,273

83,268

78,835

CURRENT ASSETS

Stocks

6

4,460

10,095

Debtors

7

23,198

4,836

Cash at bank and in hand

100,171

105,982

127,829

120,913

CREDITORS

Amounts falling due within one year

8

(25,029

)

(25,299

)

NET CURRENT ASSETS

102,800

95,614

TOTAL ASSETS LESS CURRENT LIABILITIES

186,068

174,449

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

10

186,065

174,446

SHAREHOLDERS' FUNDS

186,068

174,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 August 2017 and were signed on its behalf by:

R C Jackson - Director

1.	STATUTORY INFORMATION

Jackson Builders (South) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 29 February 2016

4,069

30,583

1,425

36,077

Additions

-

13,465

-

13,465

Disposals

-

(7,300

)

-

(7,300

)

At 28 February 2017

4,069

36,748

1,425

42,242

DEPRECIATION

At 29 February 2016

4,069

24,134

1,312

29,515

Charge for year

-

1,704

28

1,732

At 28 February 2017

4,069

25,838

1,340

31,247

NET BOOK VALUE

At 28 February 2017

-

10,910

85

10,995

At 28 February 2016

-

6,449

113

6,562

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2016

and 28 February 2017

72,273

NET BOOK VALUE

At 28 February 2017

72,273

At 28 February 2016

72,273

Included in cost of investment property is freehold land of £ 72,273 (2016 - £ 72,273 ) which is not depreciated.

The investment property acquired during the year has not been depreciated as the directors believe it has

maintained its value.

6.

STOCKS

28.2.17

28.2.16

£

£

Stocks

160

200

Work-in-progress

4,300

9,895

4,460

10,095

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade debtors

22,049

3,687

Prepayments and accrued income

1,149

1,149

23,198

4,836

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade creditors

2,199

2,560

Tax

4,433

4,389

Social security and other taxes

435

754

VAT

2,323

5,057

Directors' current accounts

13,639

10,539

Accrued expenses

2,000

2,000

25,029

25,299

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

28.2.16

value:

£

£

1

Ordinary

£1

1

1

2

Ordinary "A" Non Voting

£1

2

2

3

3

10.

RESERVES

Retained

earnings

£

At 29 February 2016

174,446

Profit for the year

21,619

Dividends

(10,000

)

At 28 February 2017

186,065

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 28 February 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Ray Bartlett & Co

Certified Public Accountants

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

10 August 2017